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Cyprus News Agency: News in English, 11-05-17

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] MINISTER - EIB GENERAL MEETING
  • [02] FINANCE MINISTRY PUBLIC FINANCES

  • [01] MINISTER - EIB GENERAL MEETING

    President of the European Investment Bank Philippe Maystadt has presented to the Board of Governors the Bank`s activities in 2010, during the Boards Annual General Meeting, which took place in Luxembourg on Tuesday. Cyprus Finance Minister Charilaos Stavrakis participated in the Meeting as the Governor of the EIB for Cyprus.

    According to an official announcement, total EIB lending in 2010 reached 72 billion euro (compared to 79 billion in 2009) of which 63 billion euro represent aid to the EU member states and 9 billion were allocated to EU partner states.

    In 2010, the EIB lending to Cyprus reached 460 million euro, and it mainly financed projects in the field of energy (43%), Green Development (39%), small and medium enterprises (11%) and transport (7%).

    [02] FINANCE MINISTRY PUBLIC FINANCES

    Figures released on Tuesday show that public finances for April 2011 are improved compared with April 2010, Finance Ministry said today.

    A press release issued on Tuesday by the Finance Ministry notes that this result ``complies with the government`s estimates on the course of the public finances which given the current figures will show gradual improvement throughout 2011.``


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